its buying time !, page-6

Agreed, Mrs Peel,

People have their new shares in their accounts, and now we have a combination of events in Australia and Overseas causing people to worry and sell off.

As I said yesterday, the change in the way miners are to be taxed is a positive for CTP at this stage. When we are ready to move to production we will be delaying tax pay outs because our profits will be reduced by infrastructure expenditure.

Only after being a larger, long term producer who has paid for all their infrastructure (which is likely to cost hundreds of millions of dollars) will CTP be making a profit and therefore subjected to this tax. If anything it encourages building of new mining operations.

Rudd is still in discussions with mining companies regarding this tax as it is anyway.

- Karl